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Trumptrade

The Trump Trade - Inverted BTC#mythoughts As the 2024 U.S. presidential election approaches, former President Donald Trump's staunch support for Bitcoin (BTC) and the broader cryptocurrency ecosystem is shaking up the political and financial landscapes. Trump's pro-crypto stance, which marks a stark contrast to his previous skepticism, is expected to have a significant impact on the prices of BTC and other digital assets in the coming months. Trump's recent speech at the Bitcoin Conference in Nashville outlined his ambitious plans to make the U.S. the "Bitcoin superpower of the world" and the "crypto capital" of the globe. His pledges, if implemented, could significantly reshape the regulatory environment for the crypto industry. Key elements of Trump's crypto agenda include: 1. Firing SEC Chairman Gary Gensler on his first day in office, signaling a more industry-friendly approach to regulation 2. Forming a crypto advisory council to provide expert guidance on crafting crypto-friendly policies 3. Holding a strategic national stockpile of Bitcoin, with the U.S. government currently owning over 200,000 BTC 4. Commuting the sentence of Ross Ulbricht, the creator of the Silk Road marketplace, who is serving a life sentence for his involvement with the platform Trump's embrace of crypto is expected to attract a significant number of BTC holders and miners to his campaign, both in terms of political support and financial contributions. As a result, many analysts predict that BTC prices could experience a significant rally in the coming months, potentially reaching new all-time highs. However, some market participants are positioning themselves for a potential correction in BTC prices leading up to the election. The recent launch of Asia's first inverse Bitcoin ETF by CSOP Asset Management in Hong Kong suggests that some investors are betting on a potential decline in BTC prices . The inverse BTC ETF, which allows investors to profit from a decrease in BTC prices, could be a hedge against the potential volatility in the crypto markets as the election approaches. The launch of this product in Hong Kong, a major financial hub, underscores the global interest in the U.S. election and its potential impact on the crypto space. It's important to note that the "Trump Trade" is not limited to BTC alone. Trump's pro-crypto stance is expected to have a ripple effect on the entire cryptocurrency market, potentially boosting the prices of other major digital assets like Ethereum (ETH). The recent debut of the first spot Ether ETF in the U.S., which saw over $107 million in trading volume on its first day, highlights the growing institutional interest in the crypto space . In conclusion, as the 2024 U.S. presidential election approaches, the "Trump Trade" is set to reshape the crypto landscape. Trump's support for Bitcoin and the broader crypto ecosystem is expected to attract significant investment and attention to the space, potentially driving BTC and other digital asset prices to new heights. However, some market participants are positioning themselves for a potential correction, as evidenced by the launch of the inverse BTC ETF in Hong Kong. Regardless of the outcome, the 2024 election is poised to be a pivotal moment for the crypto industry, with lasting implications for the future of digital assets in the U.S. and beyond. Citations: coingeek.com www.bloomberg.com www.finews.asia www.bloomberg.com cointelegraph.com
Short
by Carpi
2
Bitcoin – We Are In July 2016, In July 2024Just look at what the market looked like in July 2016, before the US election. As it did in the first half of 2016, Bitcoin has moved the same way over the year 2024 so far. That means if Donald is elected again we are up bigly running to April next year and then up hugely running to the end of 2025. We will all get very rich but it won't matter anyway because society will become very unstable. But you will enjoy great wealth in the meantime, enjoy!
COINBASE:BTCUSDLong
by zoomerjd
DWAC Dead Cat BounceIf Elon Musk doesn`t buy Twitter, that doesn`t mean he`s affiliated with Truth Social. If you haven bought DWAC they announced the merger: or short it at $55: then this rally today seems to me the perfect opportunity to buy $10 puts expiring early 2023. Not because i don`t believe in the project, but because it`s overvalued at this point. The market cap should go down. You can buy most of the SPACs lower than the original price. I think this will be the case with DWAC too by Jan 2023. Looking forward to read your opinion about it.
DShort
by TopgOptions
1
$DWAC - Trump Social Media is DoomedUPDATE 3/5/2022: DAILY DRAGONFLY DOJI The hits keep on coming for Donald Trump's signature social media application "Truth Social". According to The Daily Beast , "In recent weeks, sources have heard the former president on the phone swearing gratuitously and asking things like, “What the fuck is going on” with Truth Social. He’s repeatedly groused about the negative press and the less-than-stellar optics of the rollout, these sources said. And he’s demanded to know why more people aren’t using it—why the app isn’t swiftly dominating the competition." Dan Primack of Axios wrote a piece a few days back, "Trump's Truth Social bomb" . This rollout has been a disaster. Most people are still on the waiting list to join. Trump has barely posted. The app is full of bugs. It's stopped to 37th on the Apple Store as of yesterday. Primack wrote, "Trump hasn't posted a single time since the launch, despite an international crisis that has captivated the country. Instead, he's given his comments to radio and TV hosts — including one this morning with Dominion conspiracy theorist Maria Bartiromo — plus via his CPAC speech". Back to the Daily Beast article released earlier today. There have been some indications through actual concrete analysis that the application is an overall failure. "But if the preliminary traffic numbers are of any indication, the former president and current wannabe social-media mogul has a point. The Daily Beast reviewed analyses of visits to Truth Social’s performed by SimilarWeb, which tracks website traffic from public and private sources. The company’s figures for the MAGA social network—while only an estimate based on incomplete data—are nonetheless anemic. Trump’s own social media platform is doing either worse or the same as other MAGA social sites like Gab—another pro-Trump competitor website that’s especially beloved by, well, Nazis—and Gettr, a platform fronted by one of Trump’s former top political aides, Jason Miller. SimilarWeb’s estimates show a sharp spike of around 2 million daily visits to the site when it first debuted, before traffic dipped to an average of approximately 300,000 visits each day, putting the site on par with Gettr. Meanwhile, the far-right Gab has averaged around 650,000 daily average visits in the same time period. As of Friday, Truth Social was the 72nd most popular free app in Apple’s AppStore, a far cry from Facebook (5th) and his formerly beloved Twitter (22), both of which booted the ex-president after the Jan. 6 Capitol riot. The relatively light traffic could be explained in part by Truth Social’s waitlist—MAGA fans who want to join the platform have now racked up a million-strong backlog of users looking to join during the app’s soft launch. The app is also only available on Apple devices, denying access to owners of Android phones. The extreme-right Gab, however, has managed to rack up twice the web traffic as Truth Social, despite its mobile apps being banned from both Apple and Google’s app stores." This is all adding up to disaster here for the Trump Media SPAC. What is the plan here? According to Seeking Alpha , "At a current market cap of over $15 billion as a pre-revenue company". They go on to add, "Thirty days post-merger, this total is expected to increase to over 170 million shares, excluding warrants." This wasn't the only piece of bad coverage the new app received since my last update. Politico's Ruby Cramer penned an article titled, "The Emptiness Inside Donald Trump’s New Social Media Platform". "The site promises a safe space for “free expression,” encouraging of “all viewpoints,” according to the welcome email, “as we do not discriminate against political ideology.” But inside the app, digital tumbleweeds blew through my feed. The site is a bit slow, and a bit empty. Its stalled roll-out, led by Devin Nunes, the Trump supporter and former Republican congressman from California, has become a source of frustration and confusion in MAGA-world, according to my colleague Meridith McGraw. Republican lawmakers like Marjorie Taylor Greene and Matt Gaetz and Kevin McCarthy already have accounts and appear to be posting similar or identical content to both Truth Social and Twitter, along with right-leaning platforms like Gettr and Parler. (Apparently, no one is quite ready to turn their backs on an actual audience yet.) But when they do finally get their welcome emails, the thousands of regular Trump fans still waiting in line, eager for their chance to search for truth, will find a Twitter knock-off with no immediately discernible improvement on the original — a vanity project that has yet to prove its utility." So we have a failed rollout with bugs, Trump barely posting, and share dilution coming to boot. I haven't even mentioned the biggest wildcard. Trump's legal woes. Last night, news broke that Trump could be facing criminal charges if the Attorney General wishes to proceed: "Jan. 6 Committee Lays Out Potential Criminal Charges Against Trump". In a court filing, the panel said there was enough evidence to suggest that the former president might have engaged in a criminal conspiracy as he fought to remain in office. So 1. Dilution 2. Sell the News with Planned Q1 Merger 3. Failed and Buggy Rollout 4. Potential Criminal Charges. 5. Data shows the app rollout is an absolute failure. This is stock is heading down back to the single digits. Short this play next week before you regret missing out. There is no legitimate bull thesis for $DWAC- no matter where your politics stand.
DShort
by jaykenneyTRT
22
DWAC short term upside potentialIf you haven`t bought DWAC before the first pump: The you should know that Jack Dorsey left Twitter and there is a place left for a new twitter in town. Yesterday's surge followed a Reuters report that Trump Media & Technology Group is looking to raise up to $1 billion in additional funding. The venture's valuation would rise to nearly $3 billion, according to the report, up from a previous $875 million valuation, including debt. I see a gap filling short term at 57usd and a medium term price target of 103usd. Looking forward to read your opinion about it.
DLong
by TopgOptions
7
I KNOW WE POSTED A LONG BUT!!!I know we posted a long. On here. Free channel milked the long then took a short. Closed for Friday NFP. Looking now we have potentially a short position coming up. Trump got covid, but shared he is doing well, so reduces the chance of uncertainty which then some fundamentals point towards gold going down just like the charts. Remember just because we post something here. Does not mean we are taking the trade. The market can change very quickly. So we can be long 1 min then short the next. x
OANDA:XAUUSDShort
by FreeForexSignals
18
Trump vs Covid19 vs ElectionsTrump covid case was what triggered the short term downturn. The day Trump exits quarantine we also have futures expiration... The markets till then can correct to that point and also test SMA200 in the excuse of trump health uncertainty. At the same time all retail robinhooders will be terrified since most of them hold long positions forcing them to go vote for Trump!!! Trump winning covid 3 weeks before elections will give him tremendous boost and momentum towards elections.
SP:SPXShort
by Philoslother
2
US Stock Market Making 2nd Attempt at Parabolic Blow-Off TopI believe we will get either a blow-off top in the S&P or a fundamental event that kills the expansion, sending price below the magenta rising support line. If the Fed is too slow to expand the balance sheet, then stocks can correct significantly until the Fed eases adequately. If Trump wins and the Fed expands their balance sheet in 2020 at a fast enough pace, then spx will enter a blow-off top mania. If Bernie or Warren win, a significant correction will take place but SPX may bounce once rates hit zero or negative. If the Fed is slow to move (quite likely) then SPX will swing really violently and could get scary for some investors and traders In my view, the SPX is only worth trading, it is not worth investing in. Now is the time to be getting out of US stocks and US dollars and into emerging markets and commodities. Sometimes being a better investor means passing up immediate returns via central bank fueled irrational exuberance and waiting for an even better opportunity later once the music has stopped and everyone has been exposed. Impossible to predict the top, so better off not fully participating.
SP:SPX
by Ludwig_Von_Mises
1
COMPLETED 5-3 CYCLE SET UP EURUSD FOR MAJOR RALLY$EURUSD is setting up for a massive rally in wave 3. Wave 3 should exceed the high of wave 1 and might advance 1x or 1.618x wave 1. Price is sitting at a critical confluence level comprising of 61.8% Fibonacci retracement of the advance, and wave (c) equal 0.618 x Wave (a). I took a loss on last week because I was initially labeled the correction as a regular flat pattern. I had to re-evaluate before the market close on Friday, and I already open a new buy position. All these are in line with bullish activity on Gold, and BTCUSD. While the US economy will suffer. Expecting Dollar weakness!
Long
by Veejahbee
3
GOLD: Daytrade-Opportunity#TRUMPtradeHey tradomaniacs, welcome to another free signal! Important: News from China caused a rising stock-market. In terms of correlation this move caused a fakeout for gold and could cause a continuation of sell-pressure until we see Trumps next tweet. ;-D ----------------------------- Type: Daytrade Sell here: 1537,35 Stop-Loss: 1547,59 Target 1: 1525,97 Target 2: 1521,65 Target 3: 1516,76 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:GOLDShort
by Trading2ez
9
GBPNZD LongGBPNZD, -has just broken Daily EMA200 & retrace to reject EMA200 to act as a dynamic support. -broken 0.5% Fibo and retraced back to 0.5 level so there's a high chance of it bouncing right off to head towards the next level of resistance. A buy stop is placed 10 pips above current resistance level on H4 , waiting the breakout to capture 50-100 pips in 2 days time, that being said if you were to zoom out to look at a bigger picture, you'll be looking at a triangle pattern which I'm optimistic that it'll be pending to hit the trendily above. Fundamentally speaking, Trump is going to have "breakfast" with Boris which in my opinion they might come up with some scheme to counter the situation they're in. XAUUSD(GOLD) had reached a weekly high which is waiting for a strong pullback & pound currently needs some strength in having a deal in brexit. So, this week is going to be a fun week of breakouts for GBP & USD pairings, trade safe :)
Long
by AnalyticalTan
Where is the bottom? I am still on the short sideRunning two shorts atm - 12079 and 11919 After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 - Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short. Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through 11640. Will hedge in-between for a scalp long, until there is an ease and enough reason to add a big long.
TVC:DEU40Short
by EtornoCapital